News and analysis on encrypted currencies, Blockchain and decentralized financing

Some optimistic predictions began to trade at the ADA price, the original coding of the Cardano ecosystem.

ADA has suffered a long time during the 2022 bear market, and in the following years, but she woke up in November after Trump’s electoral victory.

Now some important news is announced, and there are those who believe that the price may rise more.

Expectations on the price of Ada (Cardano)

according to Predicting coincidenceIn the next thirty days, the price of Cardano Cryptocurrency Currency may rise above $ 2.

Note that the highest level at all times is $ 3.1 reached in November 2021 during the full bull, so the expectations of $ 2 are not ridiculous.

However, it should be added that not all analysts agree with these expectations.

During the year 2022, the ADA price fell to $ 0.4, then fell to less than $ 0.3 in 2023.

Although during the year 2024, she tried the first great recovery, before the electoral victory Trump It was still less than $ 0.4.

After that, it rose quickly to $ 0.6, then paid first to $ 1 and then to $ 1.2 when the news spread about Gary Ginser’s resignation as head of the Supreme Education Council.

In fact, one of the reasons for the difficulties of 2023/2024 was accurately linked to anti -antibioticsEncryption Campaign by Gensler’s SEC, who accused ADA of unregistered security.

At the present time, it was understood that SEC would stop following up encryption projects such as CardanoThe matter was as if the cork that was preventing the price was removed.

However, at the end of December, the Ada price fell to less than $ 0.9, and even with the actual resignation of Gensler, it is still less than one dollar.

Sarah news to Adano

Cardano founder Charles Hoskinson announced yesterday some major changes.

First of all, it announced the arrival of layer 2 that must improve the expansion of Cardano Blockchain and reduce the fees.

He also announced a consensus review to make transactions faster.

The new tools for developers and some updates for smart contracts are on the road, including Hyperledger Identus, which will bring decentralized identity support to the real world.

Moreover, it will be possible to increase the level of privacy on Cardano, thanks to the zero knowledge evidence, which provides special transactions compatible with regulations.

Cardano Blockchain is also announced with Blockchains, especially with those Bitcoin.

Finally, with regard to decentralization and the development of governance, the ADA era will give ADA full control over the future of Cardano thanks to the vote on the series and the introduction of a new treasury system with financing decisions driven by society.

Cardano’s development

It is necessary, however, providing an important clarification.

Since the Cardano project was born in 2017, it has already witnessed many technical developments. In fact, it continued to develop over time, without stopping.

Instead, follow the direction of the ADA market price is clearly different.

The important point is that the ADA price is severely affected by speculative bubbles that are sometimes enlarged in the encryption markets.

For example, before a bull in late 2017/early 2018, its price was about $ 0.03, and after the explosion of this bull, it has already returned to less than $ 0.04.

Something similar occurred in 2020/2021, where the price rose to $ 0.10 before the second speculative bubble started inflation, and then decreased to less than $ 0.25 during the subsequent bear market.

During the two eurly markets, the ADA price followed a very similar pattern of pump and discharge plans, and it is not absolutely possible to exclude that something like this cannot happen again in the future.

Net bubbles, the price fell from $ 0.03 in 2017 to $ 0.10 in 2020, then to $ 0.30 in 2024, and passes through three consecutive peaks from one dollar, $ 3.1, and $ 0.75.

In light of this, there are even those who imagine that a new bubble can be enlarged, which can only lead the ADA price to record new high levels, but perhaps up to $ 10.

However, the encryption market will be to decide, and it is unlikely that Cardano price is able to follow a different path compared to the public material from the encryption markets.